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Dec 18, 2012
12/12
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. >> can the house of representatives pass a law, pass a bill, that will protect the taxes of people of 250 and below, just the house? >> they can pass both of them. in fact -- >> no, no. >> and then it will go to the senate and it will fail. >> good, good, hold it. that's what you want. let them be in the position of not taking care of the -- >> i agree with that. >> so have the bill. >> i agree. >> i think boehner is on spot. he's once again showing his smarts. >> i agree with you. the only problem is that the $1 million cutoff the democrats aren't accepting. >> fine. let them -- they have two bills. have two bills. let's address the people, the little people. the one the president keeps talking about. okay. they are now off the table. oh, we passed the bill. they won't pass it in the senate. >> i agree. >> why don't i feel like if you have two business guys or a banker and a business guy, you would have this deal done in three seconds. senator, good to have you on the program. thank you very much, senator. merry christmas. >> see you soon, appreciate it. the market closing just of
. >> can the house of representatives pass a law, pass a bill, that will protect the taxes of people of 250 and below, just the house? >> they can pass both of them. in fact -- >> no, no. >> and then it will go to the senate and it will fail. >> good, good, hold it. that's what you want. let them be in the position of not taking care of the -- >> i agree with that. >> so have the bill. >> i agree. >> i think boehner is on spot. he's once...
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Dec 26, 2012
12/12
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look for a bunch of attorneys that are looking to get their name out there in privacy law. >> do you think it's going to be dropped then? >> i definitely do think so. i think the only change that is really substantial at this moment is -- you can't take instagram to a court of law outside of a class action lawsuit. they have instituted a -- an arbitration system, so it does -- it does make attorneys a little bit less prone to filing lawsuits. >> all right. but what did they learn in the meantime? i mean, the memo from the ceo seemed to suggest that the language that they used in announcing some of these privacy changes and was very confusing, you know, the fears about people being able to use their own photo wasn't actually accurate. am i reading thag right in. >> i think they are going back on think word was you can't operate insta garage the way you do facebook. with facebook, once they institute a change they go with it. they don't ever back down. with instagram you saw a very vocal audience come out and say that this is wrong, not something that we believe in, and they don't have
look for a bunch of attorneys that are looking to get their name out there in privacy law. >> do you think it's going to be dropped then? >> i definitely do think so. i think the only change that is really substantial at this moment is -- you can't take instagram to a court of law outside of a class action lawsuit. they have instituted a -- an arbitration system, so it does -- it does make attorneys a little bit less prone to filing lawsuits. >> all right. but what did they...
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Dec 17, 2012
12/12
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we see a lot building these in-law suites to accommodate that. this is a home builder doing this survey. obviously they want to see bigger homes because bigger homes are more expensive. >> fred, what do you think? does the inability to get stated no dock loans take away the riskiness of upsizing? if a buyer is going to buy a bigger home but they've proven they can afford it. >> what you're finding is you're getting multiple people going on the mortgage application so that they can combine all the income. tiny thing i'm worried about is the kids come back home, they go on with their parents on the mortgage and then three years later they move out and now you don't have as much income. so there's a tiny little thing. but i don't think it's a big deal. i see this more of people wanting more space because of things like this. i want to be alone. i want to watch a movie. there's so many of these out there. the a-brand or whatever else. people just want to be alone a little bit more and they want more space in their house. and that's okay. >> what abou
we see a lot building these in-law suites to accommodate that. this is a home builder doing this survey. obviously they want to see bigger homes because bigger homes are more expensive. >> fred, what do you think? does the inability to get stated no dock loans take away the riskiness of upsizing? if a buyer is going to buy a bigger home but they've proven they can afford it. >> what you're finding is you're getting multiple people going on the mortgage application so that they can...
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Dec 27, 2012
12/12
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, a revenue measure that didn't originate in the house so it's got no chance whatsoever of becoming law, end quote. that's what i said back on july 25th. the only reason we ever allowed that vote on that proposal, as i said at that time, was that we knew it didn't pass constitutional muster and that democrats were really serious they would proceed to a revenue bill that originated in the house, as the constitution requires, and as i called on them to do again last week. to repeat, the so-called senate bill is nothing more than a glorified sense of the senate resolution so let's put that convenient talking point aside from here on out. last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as i said this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. that having been said, we'll see what the president h
, a revenue measure that didn't originate in the house so it's got no chance whatsoever of becoming law, end quote. that's what i said back on july 25th. the only reason we ever allowed that vote on that proposal, as i said at that time, was that we knew it didn't pass constitutional muster and that democrats were really serious they would proceed to a revenue bill that originated in the house, as the constitution requires, and as i called on them to do again last week. to repeat, the so-called...
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May 30, 2012
05/12
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perhaps it wasn't politically feasible for him to do t if adopted the commission's proposal, it might be law right now. >> what i say about this is number one, certainly there are a lot of people that like simpson/bowles. basically what they liked about it is it came from a bipartisan group. however, however it didn't get the super majority it needed to move to congress because the republicans on the committee didn't vote for it. and then there was a vote against a simpson/bowles-like budget by the congress. so basically people need to understand that there isn't agreement on simpson/bowles. in fact, there's not a lot of damage about simpson/bowles and then the other thing i would say, we were talking about big government. another way to measure size of government is revenues as a share of gdp. they are near 15%. they were below 15%. they are at an historic low for the post world war ii. people need to talk about, are they willing to pay for the social security medicare student loans, et cetera, that they want. >> i think people get it recognize that we can't afford the programs that we have
perhaps it wasn't politically feasible for him to do t if adopted the commission's proposal, it might be law right now. >> what i say about this is number one, certainly there are a lot of people that like simpson/bowles. basically what they liked about it is it came from a bipartisan group. however, however it didn't get the super majority it needed to move to congress because the republicans on the committee didn't vote for it. and then there was a vote against a simpson/bowles-like...
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Dec 28, 2012
12/12
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>> well, this year i'm transferring the majority of my ranch, as long as we're under the tax laws that we have in the next few days, majority of my ranch will go to my sons, and i'm basically semi-retired, shall we say. >> what -- what is happening, bob, is more and more family-owned ranches, the family is having to sell the farm or the ranch because they can't afford the taxes, and the value of those farms and ranches has gone up over the time because of the tremendous interest in farmland these days, right? >> well, most of it in our area has been bought up by outside money for recreation purposes. we live in a very scenic area. it's not all that conducive sometimes to agriculture because we only get about 14 inches of rain, but we have beautiful trout streams and wildlife, and there's been a lot of influx of people with deep pockets buying ranches in montana, and the average price in our area has gone for over 2,000 an acre which cows can't pay for so trying to keep it in the family -- >> so an unintended consequence of raising the tax and lowering the threshold is exactly that thou
>> well, this year i'm transferring the majority of my ranch, as long as we're under the tax laws that we have in the next few days, majority of my ranch will go to my sons, and i'm basically semi-retired, shall we say. >> what -- what is happening, bob, is more and more family-owned ranches, the family is having to sell the farm or the ranch because they can't afford the taxes, and the value of those farms and ranches has gone up over the time because of the tremendous interest in...
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Aug 3, 2012
08/12
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that flexibility is taken out of the equation. >> what is the most uncertainty within the law. back in january you were planning to expand a number of lows up to 500. it's not going to happen now until you say the end of 2013, so what's the biggest sticking point from your standpoint in terms of the cost of this health care legislation? >> the biggest sticking point is we started at 40 employees a year ago. now we're well over 120 and we're in a position to hire well above 500 by q 2 or q 3 of 2013. it's the types of employees and the number of hours we can give them. we've been very proud to affect the amount of hiring and the amount of jobs we're able to provide and training to those people in this economy. and i think the flexibility in terms of sticking to more experienced people and giving them a little less leeway is an unfortunate coincidence of this bill, and not understanding the affects as you grow to a much larger company. >> most people don't understand when you're an employer, you're not just paying somebody's salary but they're health care and benefits. that's the
that flexibility is taken out of the equation. >> what is the most uncertainty within the law. back in january you were planning to expand a number of lows up to 500. it's not going to happen now until you say the end of 2013, so what's the biggest sticking point from your standpoint in terms of the cost of this health care legislation? >> the biggest sticking point is we started at 40 employees a year ago. now we're well over 120 and we're in a position to hire well above 500 by q...
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Aug 13, 2012
08/12
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law allowed certain transactions to protect the identity of nonu.s. banks, rhine jane cliptsz when clearing dollar denominated trades. for sbc the order from state superintendent targets the bank's interact was state regulators in carrying out the iranian business shows obvious contempt for u.s. banking regulations. >> thank you very much. >>> up next, finding a cure for cancer. we will speak with a teenager next, that's right, a teenager who thinks he and a fellow harvard dropout may be on to something huge. >> i love that story. you will love it. later, will the dow resume its run in positive territory after today's breather? three of wall street's top stock jobs weigh in with their takes of what will move your money first thing tomorrow morning after this. stay tuned. tdd#: 1-800-345-2550 you should've seen me today. tdd#: 1-800-345-2550 when the spx crossed above its 50 day moving average, tdd#: 1-800-345-2550 i saw the trend. tdd#: 1-800-345-2550 it looked really strong. tdd#: 1-800-345-2550 and i jumped right on it. tdd#: 1-800-345-2550 since i'
law allowed certain transactions to protect the identity of nonu.s. banks, rhine jane cliptsz when clearing dollar denominated trades. for sbc the order from state superintendent targets the bank's interact was state regulators in carrying out the iranian business shows obvious contempt for u.s. banking regulations. >> thank you very much. >>> up next, finding a cure for cancer. we will speak with a teenager next, that's right, a teenager who thinks he and a fellow harvard...
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Jul 19, 2012
07/12
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barney frank is coming up and he will give us his controversial take on the law he co-authors to keep wall street in check. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why millions of people have already enrolled in the only medicare supplement insurance plans endorsed by aarp. don't wait. call now. >>> welcome back, regional bank po
barney frank is coming up and he will give us his controversial take on the law he co-authors to keep wall street in check. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement...
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Aug 7, 2012
08/12
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it's not that they're jst simply following the law, they're shaping it as well. these companies spent $50 million in lobbying last year. and about $2 billion over the last five years. so this is a tax code written by these companies for their benefit. >> yeah, but i don't know that you could say written by the companies, but we have been talking about this tax code that needs fixing for years, why have we not seen any movement on it? it outrages people? >> let me jump in there, if you look at hong kong with a 16% plat tax. there is not nearly as much lobbying because you have a system that is simple, fair, transparent, and companies because the tax rate is low, the only incentive they have is to produce the best goods and services. let's rip this thing up, it's so corrupt and something where i think we could have a right-left alliance because we all agree the current system is broken. you have high tax rates that affect some companies very adversely, and some loopholes so some companies pay very little. let's have a level playing field and get the government out
it's not that they're jst simply following the law, they're shaping it as well. these companies spent $50 million in lobbying last year. and about $2 billion over the last five years. so this is a tax code written by these companies for their benefit. >> yeah, but i don't know that you could say written by the companies, but we have been talking about this tax code that needs fixing for years, why have we not seen any movement on it? it outrages people? >> let me jump in there, if...
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Mar 28, 2012
03/12
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and don't like about the law. so if you strike down the entire law, you send it back to congress and in essence give them a clean slate to quickly reinstitute those things that they lack of the whole notion of the a market-based solution, affordable care at lower costs. >> how unpopular is the health care law with the american people? >> ever since it passed in 2010, it has been less popular than popular. if you look at a cnn poll, 50% said that they oppose it and it reflecting the fact that greater intensity is on the conservative side. the key question is going to be whether that dynamic changes if in fact the court strikes down the law. does that affect tremendous creative energy on the left in order to have people say, look, if a republican supreme court strikes this down, we better re-elect president obama. >> hampton, are their politics involved here? i was reading some of the language between some of the justices and justice scalia said, look, if we're forcing people to buy health care, what else are we for
and don't like about the law. so if you strike down the entire law, you send it back to congress and in essence give them a clean slate to quickly reinstitute those things that they lack of the whole notion of the a market-based solution, affordable care at lower costs. >> how unpopular is the health care law with the american people? >> ever since it passed in 2010, it has been less popular than popular. if you look at a cnn poll, 50% said that they oppose it and it reflecting the...
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Dec 14, 2012
12/12
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it's a matter of laws that should be passed. but main interests of u.s. at the time were to reach energy security for their own use, and i think that is pretty much visible, and that is going to create also an effect on the general manufacturing, the insourcing of energy intensive industry is now a fact. a lot of global brands are bringing in united states, beck continuing united states, this capacity which brings jobs and helps the governments to its reforms and actions. >> i think the energy is the best opportunity for expansion. we appreciate you joining us. >>> should you be betting big on best buy? we'll have the best buy trade coming next. stay with us. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes inves
it's a matter of laws that should be passed. but main interests of u.s. at the time were to reach energy security for their own use, and i think that is pretty much visible, and that is going to create also an effect on the general manufacturing, the insourcing of energy intensive industry is now a fact. a lot of global brands are bringing in united states, beck continuing united states, this capacity which brings jobs and helps the governments to its reforms and actions. >> i think the...
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Jul 25, 2012
07/12
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that is expected to pass but not become law just like the republican plan had to chance at becoming law. this is about republicans and democrats trying to send messages to the voters. this will be a feather in the cap of president obama, but it puts a few democratic members on thin ice with their supporters. it would allow their taxes to go up. it's something some don't want to vote for but they will vote for it shortly, they're expected to. is government involvement in home foreclosure doing more harm than good? and we'll give you the first look at the special survey results to be released tomorrow. then three triple digit down days, a weak finish today, what's in store for tomorrow? we'll lay out strategies and what we believe will impact your money tomorrow morning first thing. back in a moment. from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative
that is expected to pass but not become law just like the republican plan had to chance at becoming law. this is about republicans and democrats trying to send messages to the voters. this will be a feather in the cap of president obama, but it puts a few democratic members on thin ice with their supporters. it would allow their taxes to go up. it's something some don't want to vote for but they will vote for it shortly, they're expected to. is government involvement in home foreclosure doing...
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Aug 21, 2012
08/12
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congress should make tax law permanent so american households and businesses can plan. it's disgraceful that they don't make these permanent. >> the bush tax cuts were never designs as fiscal stimulus. they never produced growth, and the idea that this is holding back is the economy wrong. >> let me ask you this. how come economists are predicting the economy goes into recession in 2013 as a direct result of the fiscal cliff. >> because you have 5.1% contraction in the budget deficit. there's a very real concern that it will contract too quickly. if you look at the actual impact on gdp weighted by a fiscal multiplier, they're very ineffective. a government spending multiplier is very high right now because the economy is $829 billion below potential. the impact of the bush tax cuts and the amt are vastly overstated. if the tax cuts are not continued we go into a recession is wrong. >> you're saying even though folks will face the highest tax increase, you say that will not make them reluctant to spend money. and afraid of their jobs? losing their jobs. >> of course disp
congress should make tax law permanent so american households and businesses can plan. it's disgraceful that they don't make these permanent. >> the bush tax cuts were never designs as fiscal stimulus. they never produced growth, and the idea that this is holding back is the economy wrong. >> let me ask you this. how come economists are predicting the economy goes into recession in 2013 as a direct result of the fiscal cliff. >> because you have 5.1% contraction in the budget...
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Dec 13, 2012
12/12
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. >> and our labor laws don't impose very heavy penalties on an employer that breaks the law by firing a worker who tries to organize or discriminates against a worker who tries to organize a union. if you ask unions how many want representation at the workplace, millions and millions of workers who say -- >> it's actually 13%. it's 13% of workers want to join a worker. we did a poll, 13% of workers want a union. >> this is a topic we'll continue. hope you'll come back soon to continue hashing this out. >> thanks for having us. >> we appreciate it. new tea leaves on the economy could move your money before w money morkers are going to be here. stay with us. and then, we are waiting on the meeting between john boehner in and the president in ten minutes. back in a moment. ow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. recognize me. but i am your market data. i know what you're looking for. i'm not chained to your desk anymore. i'm
. >> and our labor laws don't impose very heavy penalties on an employer that breaks the law by firing a worker who tries to organize or discriminates against a worker who tries to organize a union. if you ask unions how many want representation at the workplace, millions and millions of workers who say -- >> it's actually 13%. it's 13% of workers want to join a worker. we did a poll, 13% of workers want a union. >> this is a topic we'll continue. hope you'll come back soon to...
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Nov 9, 2012
11/12
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we always look at unintended consequences of laws. that act will probably help some of these companies go public. >> that's a real positive. okay. you said everything is electronic. i was under the impression the markets were electronic. if we have a storm, we don't have to shut the whole market globally down. it seems like that's what we did with hurricane sandy. i know your people at jpmorgan had their own struggles. i want to ask you about the struggles, how everybody is. first, were you comfortable with shutting down the market like that? >> first i want to say because there are still a lot of people struggling in new jersey and new york. our hearts go out to them. we're doing everything we can to help. we gave $5 million to the red cross. we're going to do an additional $5 billion of incremental lending of small business on top of what we already do. our own employees did a great job. our bank was open on monday and tuesday. >> i spoke to somebody in your company. >> we move trillions of dollars around the world. the stock exchan
we always look at unintended consequences of laws. that act will probably help some of these companies go public. >> that's a real positive. okay. you said everything is electronic. i was under the impression the markets were electronic. if we have a storm, we don't have to shut the whole market globally down. it seems like that's what we did with hurricane sandy. i know your people at jpmorgan had their own struggles. i want to ask you about the struggles, how everybody is. first, were...
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Aug 9, 2012
08/12
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laws are more stringent. so i think there is some question other whether you might not want to be in the u.s. because certain things might not reach that threshold in the u.k. >> jordan, what do you think in terms of other banks second guessing. >> there is no question that other banks will we valuate their money management procedures in right of this case, but i would be surprised if they leave the u.s. market. >> because it's an important market -- >> absolutely. and the suspension of the license or revocation of the license is such an extreme financial remedy, that it's rarely if ever used post enron. >> i have to add that i think standard is maybe the 7th largest dollar clearing bank in the world. i'm not sure you can be a global bank without having a u.s. based dollar clearing operation. maybe it's possible, but i think it would be very difficult. >> they need to stay, but you look at other people, you could argue they don't need to be in america. i think on a bank by bank bay his, it's hard to say. >> t
laws are more stringent. so i think there is some question other whether you might not want to be in the u.s. because certain things might not reach that threshold in the u.k. >> jordan, what do you think in terms of other banks second guessing. >> there is no question that other banks will we valuate their money management procedures in right of this case, but i would be surprised if they leave the u.s. market. >> because it's an important market -- >> absolutely. and...
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Dec 11, 2012
12/12
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are you expecting even more still lawes luce? >> i don't think that the federal reserve stimulus is the issue here? >> okay. >> i think the issue here is an extraordinary and having trrkd -- the way they did it was to say what's the expected rate of return on a particular project and if it's 20%, that's great, but let's ask the second question. what is the dispersion of those calculations? if it turns out that that 20% on average represents partially 10% loss or 40% gain, that p will be rejected, and what we're look at at this stage is a very as a matter of fact uncertainty and it's reflected in the fact that the spread between say the 30-year u.s. treasure yelled which brings up the short-term stuff. that got to the widest level in american history. >> let me ask you about monetary policy. is there a down side to what the fed is doing saying the fed is basically bailing out the white house, we need fiscal policy and tax structure chamber of commerce? do you think there's a conflict here. i've not commented on fed policy since i
are you expecting even more still lawes luce? >> i don't think that the federal reserve stimulus is the issue here? >> okay. >> i think the issue here is an extraordinary and having trrkd -- the way they did it was to say what's the expected rate of return on a particular project and if it's 20%, that's great, but let's ask the second question. what is the dispersion of those calculations? if it turns out that that 20% on average represents partially 10% loss or 40% gain, that...
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Nov 29, 2012
11/12
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it's very important that we have laws and norms that are functioning. so companies like ours and others can have a predictable and successful business overseas. this case is a little bit different in that it's a fraud. >> what kind of growth are you expecting in the next year at chevron? you've been outperforming your peers for many years now. what can investors expect? >> we have a good story to tell. with the investments that we're putting in place, we've talked about growing our oil and gas production some 20% between now and 2017. so that is in place. those plans are being prosecuted today with all the projects we have under way. the most notable are two big natural gas developments in australia. >> so $22 billion in cash on the balance sheet. what are you planning on doing with that money? >> certainly in the near term, our plans are to continue to invest it wisely. we have a robust plan to return money to investors. we've increased the dividend double digit rates the last few years. we've been repurchasing $5 billion in shares per year. depending
it's very important that we have laws and norms that are functioning. so companies like ours and others can have a predictable and successful business overseas. this case is a little bit different in that it's a fraud. >> what kind of growth are you expecting in the next year at chevron? you've been outperforming your peers for many years now. what can investors expect? >> we have a good story to tell. with the investments that we're putting in place, we've talked about growing our...
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Dec 10, 2012
12/12
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she was convicted for lying to law enforcement officials. she was not convicted on the charge of insider trading. >> good to clarify these things. absolutely. >>> on we go. some software companies that create smart phone applications might have violated the privacy of children. julia boorstein joins us now with the full story. this is kind of disturbing. >> yes, mandy. absolutely. i think all parents need to go home and take a second look at the apps that their kids are using on smart phones and tablets. the federal trade commission is investigating some mobile app makers over concerns that apps for kids track and store their information without a clear disclosure to parents. although the s.e.c. doesn't name names, it gives anonymous examples like a drawing app saying it raises surgecertain concerns. knowing what he or she is doing online. the current law says that apps must disclose data collection practices. the ftc found only 20% of the 400 apps it evaluated are really doing that. more than half of the apps transmitted children's data oft
she was convicted for lying to law enforcement officials. she was not convicted on the charge of insider trading. >> good to clarify these things. absolutely. >>> on we go. some software companies that create smart phone applications might have violated the privacy of children. julia boorstein joins us now with the full story. this is kind of disturbing. >> yes, mandy. absolutely. i think all parents need to go home and take a second look at the apps that their kids are...
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Jul 23, 2012
07/12
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even -- everybody is special and means nobody is special especially when it comes to tax law. tax simplification, i would like to be glib and say stop electing politicians and start electing economists. maybe there's structural reforms we should look at instead of just talking about the issues. balanced budget amendment may be a good idea. if we were really focused on revenues and balancing that, simplification actually makes life easier for the economy. important the people that work in the economy. also, for the government as well. >> you think so. but thank you very much, both of you, for weighing in. we have breaking news. back to brian shactman. >> last week, they pre-announced earnings and revenue when they did that executive swap with emc. numbers are out on an eps basis and beat by two cents. revenue is right what they said. stock has been all over the map. down 5%. and it just turned positive a minimum ago. it is now negative. other thing to note, they made an all-cash acquisition of nicira. software defined networking and open source network virtualization company. i
even -- everybody is special and means nobody is special especially when it comes to tax law. tax simplification, i would like to be glib and say stop electing politicians and start electing economists. maybe there's structural reforms we should look at instead of just talking about the issues. balanced budget amendment may be a good idea. if we were really focused on revenues and balancing that, simplification actually makes life easier for the economy. important the people that work in the...
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Jul 9, 2012
07/12
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. >> almost a state law. mortgages in the first and last stage of the foreclosure process increased in may. the biggest gains are still in -- they are called non-judicial. the states have two and a half times the number of loans in the foreclosure process because with a judge it is so much trickier and more time consumer. it is that disparity that has california in the spotlight. but it also has one of the shortest foreclosure time lines. that time line may be about to change thanks to two new bills passed last week and awaiting the governmentor's signature the bank is attempting to modify a loan while it is also fore -- and it inflicts civil penalties for any fraud including robo signing. critics say it t will stall the process again. according to foreclosure radar, it takes over 600 days in the judicial state of new jerseyment mandy? >> check it out. thanks so much. what is going to move your money first thing tomorrow morning? ger results in ap courses. together, they raised ap test scores 138%. just imagi
. >> almost a state law. mortgages in the first and last stage of the foreclosure process increased in may. the biggest gains are still in -- they are called non-judicial. the states have two and a half times the number of loans in the foreclosure process because with a judge it is so much trickier and more time consumer. it is that disparity that has california in the spotlight. but it also has one of the shortest foreclosure time lines. that time line may be about to change thanks to...
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Aug 6, 2012
08/12
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and that would be against the law. all the explosive details on the potential fallout from the british bank coming up in the program. take a look at how things are settling out on wall street today. market up today 23 points. as you can see up about 100 earlier. 13, 1, 19 is with the industrial average is finishing out today. much of the selling into this rally happening in the final hour of trading. we certainly did see a fair amount of sell and balances at the close of creating a situation where this market closing higher. certainly nothing as impressive as what we saw early today. nasdaq up 22 points. back below 3,000 today. s&p 500 p. 1394 with a gain of the session of three points. that would have been close. that -- was headed towards negative performance on the standard & poors. it is official. but it was a close one. despite losing steam late in the day dow pushing the first winning monday since the month of play. all this despite the looming fiscal cliff and unresolved problems in europe and economic numbers i
and that would be against the law. all the explosive details on the potential fallout from the british bank coming up in the program. take a look at how things are settling out on wall street today. market up today 23 points. as you can see up about 100 earlier. 13, 1, 19 is with the industrial average is finishing out today. much of the selling into this rally happening in the final hour of trading. we certainly did see a fair amount of sell and balances at the close of creating a situation...
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May 22, 2012
05/12
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look at -- look at the securities laws carefully. they've got a lot of coverage here. >> bob, if a regional broker deal -- they can prove they put in sell orders on friday, which i've been told they can prove, how is it going to filter back that it didn't get into the nasdaq pipes? i don't have the answer to that question. >> they're going to have to make those clients whole. they're coming up with the accommodation packages. is it $200 million, $50 million? we need guidance here. until we get the guidance it seems like investors are going to sell and talk later. and wait for answers later. thanks, everybody. we appreciate it. we have a lot happening. dell earnings, a miss, 43 cents versus an estimate of 46 cents. facebook stocking up losses for shareholders, down a whopping 18% since monday. are retail investors the big losers? we asked. you tweeted. larry goldsmith writes in facebook was a sucker play for retail investors. facebook and morgan stanley knew the pros would not buy the hype. they played the small guys and gals. this wa
look at -- look at the securities laws carefully. they've got a lot of coverage here. >> bob, if a regional broker deal -- they can prove they put in sell orders on friday, which i've been told they can prove, how is it going to filter back that it didn't get into the nasdaq pipes? i don't have the answer to that question. >> they're going to have to make those clients whole. they're coming up with the accommodation packages. is it $200 million, $50 million? we need guidance here....
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Sep 14, 2012
09/12
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. >> the white house saying today that they hate their own proposal but nonetheless by law they're required to put out the details of would happen if the united states goes over the fiscal cliff. they have to engage in sequestration, or massive budget cuts. by the numbers, here's what in the proposal they put out today starting with a 9% cut to most pentagon programs. customs, the faa, and food inspection services. exempt from the cutbacks are social security, medicaid and also many veterans benefits. earlier today, white house spokesman jay carney said that the white house hopes it never has to put this plan into place. take a listen. >> sequester was designed to be bad policy,n n tn to to be one and to be objectionable to both republicans and democrats. >> now, maria, what the white house is saying also, senior officials here in a briefing earlier today they hope now that some of these painful cuts are laid out, this could help marshal support from republicans to do something about the fiscal cliff before it hits at the end of this year. obviously, there's a big election between now and t
. >> the white house saying today that they hate their own proposal but nonetheless by law they're required to put out the details of would happen if the united states goes over the fiscal cliff. they have to engage in sequestration, or massive budget cuts. by the numbers, here's what in the proposal they put out today starting with a 9% cut to most pentagon programs. customs, the faa, and food inspection services. exempt from the cutbacks are social security, medicaid and also many...
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Nov 8, 2012
11/12
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under the current law they will go up to 43% unless these guys do something about it. what's the worst case scenario? you don't think they're really going to go to 43%, do you? >> no, i think there's a lot more incentive and appetite for compromise now than there was in 2011. you know, frankly we've had a strong market. it doesn't take much to get a pullback. we see yesterday as kind of an election tantrum. the market's not pricing a recession. we're not seeing that and other recession indicators. i think your ability to add value by looking at dividend and capital gains at this point is probably zero. everybody's focused on that. i would step back, look at enduring themes. look at things like the growing emerging market consumer. look at companies that sell drugs and consumer staples. those are the things i would look at. >> all right. what about you, ben pace? >> i think we're going through a correction phase right now. we expected that we would see something like this. there's going to be a lot of angst. we don't think we'll fall off the cliff. we're pretty construc
under the current law they will go up to 43% unless these guys do something about it. what's the worst case scenario? you don't think they're really going to go to 43%, do you? >> no, i think there's a lot more incentive and appetite for compromise now than there was in 2011. you know, frankly we've had a strong market. it doesn't take much to get a pullback. we see yesterday as kind of an election tantrum. the market's not pricing a recession. we're not seeing that and other recession...
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Oct 12, 2012
10/12
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we, on our side, are currently impeded by all sorts of laws, regulations that are built for an analog world that we need to break down. the rogers bill goes a long way towards doing that. i think that there's a lot of investment we could unleash in this space. we have to get out some of the regulatory underbrush that currently exists. >> all right. you heard it first here, folks. something we'll probably be talking about in the weeks and months to come. thank you both for joining us. appreciate it. >> you bet. >>> money spinner or money burner? amazon's billionaire ceo says the online retailer sells its kindle e-readers at cost. we're going to debate whether that's a smart strategy on the other side of the break. >>> and from one billionaire to another. >> let's say if i wanted to buy something like the los angeles lakers, i could go buy the los angeles lakers. they're not for sale. >> but you'd like to buy them? >> oh, sure. i'd love to buy the lakers. >> was the dye already cast there? larry ellison speaking about liking the lakers just a couple weeks ago. turns out he may be biddin
we, on our side, are currently impeded by all sorts of laws, regulations that are built for an analog world that we need to break down. the rogers bill goes a long way towards doing that. i think that there's a lot of investment we could unleash in this space. we have to get out some of the regulatory underbrush that currently exists. >> all right. you heard it first here, folks. something we'll probably be talking about in the weeks and months to come. thank you both for joining us....
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Jun 1, 2012
06/12
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at legalzoom.com, we put the law on your side. [ male announcer ] to hold a patent that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well that would make you... the creators of the 2012 mercedes-benz e-class... quite possibly the most advanced luxury sedan ever. starting at $50,490. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. . >>> and finally tonight an observation about what looks like will be a long tough summer ahead of the presidential the election and in the middle of this gridlock happening in washington, in the weakest recovery since the great depression the numbers are getting worse and there's no
at legalzoom.com, we put the law on your side. [ male announcer ] to hold a patent that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well that would make you... the creators of the 2012 mercedes-benz e-class... quite possibly the most advanced luxury sedan ever. starting at $50,490. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in...
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Dec 4, 2012
12/12
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they pass a tax law. they get people to invest in it. then they turn around and blame you for taking advantage of the tax law. they call it incentives. then they call it loopholes. i think we have to get the government out of that part of the business. that tax code has to be changed. >> you've got to pay your fair share. >> everybody should pay their fair share. >> allstate is reducing its exposure to muni debt. why? is this a reaction to the fiscal cliff? >> well, we started reducing our municipal debt a couple years ago when the recession was on and state governments were having a hard time. we just had too much. we had about $26 billion. now we're down to 13. i feel good at where we're at. we reduced it for four reasons. if you're loaning somebody money, right, you want to make sure they got income to pay you. you want to make sure they got decent balance sheet. you got to like the management team. you got to like governance. in many of these states, we didn't like all four of them. we thought they didn't have any money, weren't gene
they pass a tax law. they get people to invest in it. then they turn around and blame you for taking advantage of the tax law. they call it incentives. then they call it loopholes. i think we have to get the government out of that part of the business. that tax code has to be changed. >> you've got to pay your fair share. >> everybody should pay their fair share. >> allstate is reducing its exposure to muni debt. why? is this a reaction to the fiscal cliff? >> well, we...
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Sep 17, 2012
09/12
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>> i don't -- >> he's not breaking the law, though. it's all -- >> i'm not saying he's breaking the law. my point is it's preferential treatment of income from wealth -- >> president obama -- how come president obama hasn't eliminated the loopholes in the last three years? simpson/bowles treating them as ordinary income. that's one of the main loopholes they wanted to close. raise half a trillion in the next decade. >> how come we didn't do it? we blew them off, simpson/bowles? how come? >> it's an important recommendation. somebody has got to pay more taxes to deal with our fiscal situation. closing that capital gains loophole makes a lot of sense. that's why simpson/bowles suggested it a long with on a lot of other loopholes. >> thank you. i appreciate your insights on this. we'll have you back soon to continue the conversation. >> good to be here. >> take good care. >>> coming up on the "closing bell," fed's stimulus made the markets happy. banks not so much. find out why lenders are arguing stimulating more home buying is leaving t
>> i don't -- >> he's not breaking the law, though. it's all -- >> i'm not saying he's breaking the law. my point is it's preferential treatment of income from wealth -- >> president obama -- how come president obama hasn't eliminated the loopholes in the last three years? simpson/bowles treating them as ordinary income. that's one of the main loopholes they wanted to close. raise half a trillion in the next decade. >> how come we didn't do it? we blew them off,...
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Nov 5, 2012
11/12
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they cannot be counted, by law, for ten days. so if ohio is within 30,000 votes or so, we will not know who won ohio for ten days minimum. and then there could be a recount, which would last longer. >> unbelievable. john, thanks for laying it out. the columnist for the national review. be sure to check -- or make cnbc your election headquarters. full team coverage gets under way at 5 p.m. eastern. i'll be with you from 7 p.m. until we learn who our next president will be. i hope you'll be with us tomorrow night, election 2012. your money, your vote. "fast money" starts in a few minutes. melissa lee with a preview. >> top of the hour "fast money "traders are trading the biggest event of the week, presidential election. which socks and sectors should you own if governor romney or president obama wins? how does all that water get out of lower manhattan? of course, pumps. we have a company supplying pumps to sandy-stricken areas. the ceo will join us exclusively. to lock or not to lock, what impact will elections have on your mortgag
they cannot be counted, by law, for ten days. so if ohio is within 30,000 votes or so, we will not know who won ohio for ten days minimum. and then there could be a recount, which would last longer. >> unbelievable. john, thanks for laying it out. the columnist for the national review. be sure to check -- or make cnbc your election headquarters. full team coverage gets under way at 5 p.m. eastern. i'll be with you from 7 p.m. until we learn who our next president will be. i hope you'll be...
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Aug 16, 2012
08/12
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. >> and clearly law enforcement doesn't either, and in my business, what i do, i'm a criminal defense attorney, when someone is charged with counterfeiting goods, as a general rule and as you will see on the special, that a lot of times when you're charged with the counterfeiting goods, low level, they will not be punished as they would with other statutes that people are charged with. >> i think we have to agree to disagree, but it's good to hear your insights on this. meg joining us on that. fast money joins us in a few minutes, over to melissa with a preview. >>> should you be looking at your portfolio? we have shocking statistics. it's a segment you don't want to miss. and then rumor control. we'll tell you what the picks are telling you about the reality if these are take out targets. that and more coming up at the top of the hour. >> okay, thank you. a couple key economic reading togs close out the week first thing tomorrow morning. three of wall street east top money pros up next to tell us how you want to be playing the reports. [ male announcer ] at scottrade, you won't just
. >> and clearly law enforcement doesn't either, and in my business, what i do, i'm a criminal defense attorney, when someone is charged with counterfeiting goods, as a general rule and as you will see on the special, that a lot of times when you're charged with the counterfeiting goods, low level, they will not be punished as they would with other statutes that people are charged with. >> i think we have to agree to disagree, but it's good to hear your insights on this. meg joining...
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Aug 14, 2012
08/12
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it's law that just makes sense. >>> as companies sit down to plan for next year, several ceos and cfos made it clear the uncertainty is affecting their bottom lines and the decisions they make. so we're talking about honeywell, ups, and morgan stan lie sighting the fiscal cliff as a major concern. >> so are they being overdone, or are they right to worry? joining us now is former chairman and ceo of hewitt packard. we'll have spending cuts and tax hikes. would this affect your spending decisions? is it a justifiable use? >> i think what you worry about is what's going to happen with taxes and to demand. and so both of those things, without a doubt, affect your investment decisions. i think if there are invest wants that are competitively necessary and sure fire winners, you go ahead with those. things on the margin i think you put aside. things that are impacted by the way the stock market goes, like a stock buy back program. a dividend increase or decrease. i think it's a real issue, and i think on top of the fiscal cliff what they're worrying about as well is we appear to be, now, in
it's law that just makes sense. >>> as companies sit down to plan for next year, several ceos and cfos made it clear the uncertainty is affecting their bottom lines and the decisions they make. so we're talking about honeywell, ups, and morgan stan lie sighting the fiscal cliff as a major concern. >> so are they being overdone, or are they right to worry? joining us now is former chairman and ceo of hewitt packard. we'll have spending cuts and tax hikes. would this affect your...
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Aug 1, 2012
08/12
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so that's the reason i would like to repeal legaling tender laws, and make sure you don't tax money and let the people decide. so that is an option quite different than closing the door one day. that would be a source of chaos. >> we have this ecb meeting tomorrow, that will be very, very important. it could be a market mover certainly once draghi and company come out with their efforts to stimulate the economy. i want to talk about getting political here. you say the fed is getting political, you have president obama job -- saying we welcome efforts by the ecb leaders to do whatever it takes, should we be getting political with these central banks around the world? you have ben bernanke telling us exactly what he's going to do, what is going on? what happened to the independence of the fed? >> there never was any and you're seeing the handwriting on the wall. it's a farce. even if they do these things, what they don't understand and will not accept is it doesn't have the effect they want. they cannot predict what kind of consequences it will be, all of the big money and big government
so that's the reason i would like to repeal legaling tender laws, and make sure you don't tax money and let the people decide. so that is an option quite different than closing the door one day. that would be a source of chaos. >> we have this ecb meeting tomorrow, that will be very, very important. it could be a market mover certainly once draghi and company come out with their efforts to stimulate the economy. i want to talk about getting political here. you say the fed is getting...
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Oct 5, 2012
10/12
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act that just took place where they're in blatant violation of the law. i wouldn't put anything past this administration. >> by the way, the w.a.r.n. act he refers to requires businesses to tell employees about potential layoffs 60 days in advance. here with reangction, former lar secretary elaine chow. thanks very much for joining us. you were the labor secretary. you had the national butreau of labor statistics under you. what do you think about this possibility of a conspiracy? >> when i was at the department of labor, i think the bureau of labor statistics was very professional. they did a very good job. i don't know what's happening now. i can't speak to that. but the fact that this administration has delayed the issuance of these legally mandated layoff notices is astounding. that has never happened before. under the law, any employer, including the government, is supposed to notify the workers 60 days prior to termination that they are indeed going to be facing termination. so for this administration to unilaterally issue a direct order to not issu
act that just took place where they're in blatant violation of the law. i wouldn't put anything past this administration. >> by the way, the w.a.r.n. act he refers to requires businesses to tell employees about potential layoffs 60 days in advance. here with reangction, former lar secretary elaine chow. thanks very much for joining us. you were the labor secretary. you had the national butreau of labor statistics under you. what do you think about this possibility of a conspiracy?...
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Aug 20, 2012
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. >> what does this sentencing of this band say about the rule of law in russia? you're making the case of about sort of the lack of rule of law in terms of individuals and even corporates who want to put money into russia? >> absolutely. and the -- the verdict of this band group who made it -- some say maybe act of hooliganism. i think it was legitimate political process. they sentenced for two years in prison for just, you know, singing a song against vladimir putin. anything that you do against putin, you know, could end up with a prison term. i have no doubt that if they -- if the same thing by just praising putin and asking god to protect him, nothing would be done against them. >> garry, what are you still doing there? we've seen the fates of other people who have tried to fight putin. and you're there on the phone talking to us. are you scared? >> look, i believe everybody is scared, you know. people without fear are probably lying to you. because we all have open threats in russia. we have to -- we have to deal with them. but at the same time, i can enjoy
. >> what does this sentencing of this band say about the rule of law in russia? you're making the case of about sort of the lack of rule of law in terms of individuals and even corporates who want to put money into russia? >> absolutely. and the -- the verdict of this band group who made it -- some say maybe act of hooliganism. i think it was legitimate political process. they sentenced for two years in prison for just, you know, singing a song against vladimir putin. anything that...
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Dec 20, 2012
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that's not going to become law. democrats say it's not going to move in the senate, president is going to veto it. this is part of the song and dance that goes on between the two parties before you finally get, either, them going over the cliff, because they simply can't agree, or get a big deal next week, which is what the white house and many people in congress still hope happens, maria. >> so, you know, john, most people want to know, why can't we get this deal done, what is the sticking point? >> the biggest sticking point is the inability of the speaker to control the house republican caucus. they don't want taxes to go up. the president, who won the election campaigning on that issue, is trying to say, look, i -- i talked about that across the country, i got 51% of the vote. but the house members, of course, are elected from different districts, many of them, as the president noted in his news conference yesterday, from districts that did not vote for president obama. so, members are digging in. they're very c
that's not going to become law. democrats say it's not going to move in the senate, president is going to veto it. this is part of the song and dance that goes on between the two parties before you finally get, either, them going over the cliff, because they simply can't agree, or get a big deal next week, which is what the white house and many people in congress still hope happens, maria. >> so, you know, john, most people want to know, why can't we get this deal done, what is the...
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Jul 26, 2012
07/12
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the man with his name on that law, congressman barney frank, joins me right now. is sandy weill right? split up the banks? >> this is not a very useful part-time to talk about that you can flish a lot of what he says he's for with the volcker rule. it says that banks should not be engaged in a lot of trading and other nonlending, we were doing better, europe is slowing us down. the notion at this point that we would do something drastic to a major part of the economy is not a good idea. if he thought it was a good idea years ago he could have fed it into the debate. ? the bill, from the beginning, we included the right of regulated to order divestment to particular institutions, so don't have to break up every single institution. so we can go a long ways toward doing that. >> the problem with the volcker rule is you can't combine it. >> you can define it. the fact is, the banks tried to make it more clie cased than it is. most of them know what they're doing and when they're doing it to make a proskt for themselves. and if you're tough, like i think we should be,
the man with his name on that law, congressman barney frank, joins me right now. is sandy weill right? split up the banks? >> this is not a very useful part-time to talk about that you can flish a lot of what he says he's for with the volcker rule. it says that banks should not be engaged in a lot of trading and other nonlending, we were doing better, europe is slowing us down. the notion at this point that we would do something drastic to a major part of the economy is not a good idea....
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Nov 21, 2012
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what we're seeing right now is a trend towards more part-time work because of the new health care law. we're seeing that machines are replacing workers. you go to cvs, you see these scanning machines. >> i'm not telling walmart what to pay its workers. i'm saying in america we have a process called collective bargaining which allows the management side and the unions to come together and decide that in a democratic fashion. >> and not to strike on the busiest day. you both make very important points. we so appreciate it. diana, thank you very much. richard, good to talk with you. we'll be back to this subject, of course. assuming you will join us once again. we'll see you soon. thanks very much. >>> up next, assuming anarchy does not break out, shoppers are expected to put some extra zing in the economy this holiday season. our steve liesman breaks it down in our retail panel. >>> later, what happens on wall street certainly does not stay on wall street. hedge fund whale steve cohen's link to an insider trading probe could ripple across the art market. our wealth editor robert frank w
what we're seeing right now is a trend towards more part-time work because of the new health care law. we're seeing that machines are replacing workers. you go to cvs, you see these scanning machines. >> i'm not telling walmart what to pay its workers. i'm saying in america we have a process called collective bargaining which allows the management side and the unions to come together and decide that in a democratic fashion. >> and not to strike on the busiest day. you both make very...
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Nov 12, 2012
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it has nothing to do with breaking the law. it has to do with human relations and that's for his wife to deal with. >> dan, you say you can't separate it. you say this isn't just a moral issue, also a legal liability. make the case. >> well, i think a lot of these companies, especially publicly held companies, it becomes a legal issue. they have stated policies that say you cannot have these types of relationships. it opens them up to sexual harassment claims, discrimination claims. it's bad for morale as well if they feel somebody is getting ahead because they have a particular type of relationship with a senior executive, that has a damaging impact on morale. i don't see this as a question of morality. things happen in marriages, people have affairs. it is what it is. but people get fired for violation of company policy all the time. and when you go to work somewhere, they make you sign papers saying that you will adhere to the policy on document preservation and on the use of your phone and on the travel policies. this is on
it has nothing to do with breaking the law. it has to do with human relations and that's for his wife to deal with. >> dan, you say you can't separate it. you say this isn't just a moral issue, also a legal liability. make the case. >> well, i think a lot of these companies, especially publicly held companies, it becomes a legal issue. they have stated policies that say you cannot have these types of relationships. it opens them up to sexual harassment claims, discrimination claims....
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Sep 11, 2012
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, whether it's defending our country abroad, building roads at home, providing education, providing law enforcement, cia to keep us safe, nih, whatever it is -- >> you're saying yes. >> we need to make a determination. do we want it? if we don't want it, then we don't have to pay for it. if we want it, yes, we need to pay for it. who's going to pay for it? those people who have resources to help pay the bills of our country. we made decisions. we're buying a lot. the republicans, frankly, in my view, have not cut spending under ronald reagan or under george bush i or george bush ii. >> it's an important question. a person who's making $200,000 may not feel rich, may not feel like a millionaire or billionaire, which has been the narrative there. i'm wondering if, in fact, that person is going to get really hurt in a fragile economy, if their taxes go up, the biggest tax increase since world war ii. >> then, fine, we'll stop buying stuff. if we're going buy stuff, we need to pay for it. >> or stop spending. >> that's what i mean. stop spending. if you don't want to buy it, don't buy it. t
, whether it's defending our country abroad, building roads at home, providing education, providing law enforcement, cia to keep us safe, nih, whatever it is -- >> you're saying yes. >> we need to make a determination. do we want it? if we don't want it, then we don't have to pay for it. if we want it, yes, we need to pay for it. who's going to pay for it? those people who have resources to help pay the bills of our country. we made decisions. we're buying a lot. the republicans,...
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Jun 25, 2012
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hospitals, doctors and businesses have already been preparing for changing in the law. one change would link medicare reimbursements to the quality of care. if the law gets upheld would this and other measures drive up costs. thank you for joining us. would some of the -- with some of the measures health care raise expenses, tell me how you see this playing out? >> we think that the three big things in health care are cost, access and quality. no matter what happen was the supreme court in terms of the individual mandate, cost has to come out of the system. medicare is too expensive. and cost has to come out. >> how does cost come out? we have seen mergers and a lot of partnerships. how do you continue squeezing out expenses? as ceo of this major hospital, this is what you have to be thinking about all the time. >> all the time. and the important thing sing cost not coming out of the expense of quality. so the quality measures that cms and medicare are mandating we think are good. by the same token you have to be taking costs out of the labor side and nonlabor side of t
hospitals, doctors and businesses have already been preparing for changing in the law. one change would link medicare reimbursements to the quality of care. if the law gets upheld would this and other measures drive up costs. thank you for joining us. would some of the -- with some of the measures health care raise expenses, tell me how you see this playing out? >> we think that the three big things in health care are cost, access and quality. no matter what happen was the supreme court...
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Nov 14, 2012
11/12
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they have to put a law in place so that this doesn't happen. >> the most important thing right now, maria, this is a time for leadership. leaders don't set ultimatums. leaders bring together different parties who may have their own ultimatums and find compromise. that's what we're all counting on from the white house. we're counting on that leadership to step forward, make a difference, bring the parties together, and find a compromise. >> all right. you running charles schwab with tens of thousands of investors, as a you just said. you've got to operate your business regardless of what's going on around you. talk to us how you're doing that. are you sitting on the sidelines in terms of pufting money to work, in terms of hiring? what are you going to do knowing you have no idea where your tax rates will be? you have no idea wlosht those spending programs are going to be taken away as well. that will create layoffs. >> yes. well, i think in our business we're been fortunate in that we've continued to grow throughout this financial crisis. we had strong growth last year. we're projecting fa
they have to put a law in place so that this doesn't happen. >> the most important thing right now, maria, this is a time for leadership. leaders don't set ultimatums. leaders bring together different parties who may have their own ultimatums and find compromise. that's what we're all counting on from the white house. we're counting on that leadership to step forward, make a difference, bring the parties together, and find a compromise. >> all right. you running charles schwab with...
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Dec 12, 2012
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washington has yet to revoke the laws of supply and demand, and we certainly have supplied the economy with a massive amount of liquidity with the same goods and services, the balance has to be priced, and a price situation is going to be higher levels of inflation and they are keeping rates down pretty much right now. >> yeah. >> we have a diminishing level of return, and that's what's happening. we're pushing rates down, but it's not having the impact. >> lower bang for your qe buck as steve liesman put it earlier on. >> thanks for joining us. always good to see you, eyore pento. >> putting fire into the conversation. >> thank you. >>> so much for the holiday cheer. with the rate things are going in washington, there will be plenty of holiday jeer between now and the new year. >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >>> well, two former presidential candidates face off after the break. i feel like i'm going back to 2008 or 2004. steve forbes says no tax hikes for anybody while howard dean argues everybody needs to pay a
washington has yet to revoke the laws of supply and demand, and we certainly have supplied the economy with a massive amount of liquidity with the same goods and services, the balance has to be priced, and a price situation is going to be higher levels of inflation and they are keeping rates down pretty much right now. >> yeah. >> we have a diminishing level of return, and that's what's happening. we're pushing rates down, but it's not having the impact. >> lower bang for your...
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Nov 26, 2012
11/12
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activity laws and rules enforced by the agency, that's what cfc enforcement director in a statement. a similar situation back in 2005. there was a settlement with them at that time. saying in trade violated that settlement agreement. bill, back to you. >> fido and fluffy will not be left out of the holiday cheer after all. americans are going to spend -- they do spend about $53 billion every year on their cats and dogs. some of that goes to holiday gifts for their four-legged friends. bob moran joining us for an exclusive interview. >> welcome back. >> thank you for joining us. spending on pets to me seems to be countercyclical or not as as subject to the cyclical movement. >> we look at our customers as pet parents and they look at their pets as being members of the family. they look at their pet now as a member of family. >> so you did buy him a christmas gift? >> what did he know? by the way, i wanted to ask you, it says 53% of dogs get a christmas gift but only 38% of cats. what's with the cat owners? >> cat owners are very, how do we say, value sensitive. they're always constant
activity laws and rules enforced by the agency, that's what cfc enforcement director in a statement. a similar situation back in 2005. there was a settlement with them at that time. saying in trade violated that settlement agreement. bill, back to you. >> fido and fluffy will not be left out of the holiday cheer after all. americans are going to spend -- they do spend about $53 billion every year on their cats and dogs. some of that goes to holiday gifts for their four-legged friends. bob...
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Feb 17, 2012
02/12
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but yes, i think we're seeing the inverse law of supply and demand. in other words, our demand is down 6% year over year, and our prices keep going up. >> right. >> that is a real contradiction. and it's very hard for consumers to understand. it's hard for policymakers to understand. but the reality is, we're at the mercy of the global markets, not at the mercy of our own contribution to those global markets. >> with all this talk about fracing and all this talk about shale, you know, you still are not seeing that impact prices. you're not seeing that impacting things at all in terms of the expectations that you've got more supply. >> that's really just a trickle in the scheme of things. >> okay. >> don't forget, the gulf of mexico has been declining because of the moratorium, and the absence of drilling. so the trickle of shale oil doesn't make up for the losses in the gulf of mexico, net-net, and a lot of what the government is counting as liquids produced, saying we're producing more, are really natural gas liquids, which do not turn into gasoline
but yes, i think we're seeing the inverse law of supply and demand. in other words, our demand is down 6% year over year, and our prices keep going up. >> right. >> that is a real contradiction. and it's very hard for consumers to understand. it's hard for policymakers to understand. but the reality is, we're at the mercy of the global markets, not at the mercy of our own contribution to those global markets. >> with all this talk about fracing and all this talk about shale,...
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Nov 19, 2012
11/12
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we aren't sure what the tax laws will be. >>> plus, ac/dc finally caves. the legendary rock band has just now allowing its music to finally be downloaded on itunes. >> i have been waiting! >> there you are. wait until after the show. we'll be playing you some of the music you can now pay for digitally as we head to the break. >> this is my favorite ac/dc song. do you know the title? >> head banger. i don't know. 4 [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the busine
we aren't sure what the tax laws will be. >>> plus, ac/dc finally caves. the legendary rock band has just now allowing its music to finally be downloaded on itunes. >> i have been waiting! >> there you are. wait until after the show. we'll be playing you some of the music you can now pay for digitally as we head to the break. >> this is my favorite ac/dc song. do you know the title? >> head banger. i don't know. 4 [ male announcer ] at scottrade, we believe the...
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Jul 10, 2012
07/12
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concern over these e-mails and i don't think we should have government officials who are prosecutors and law officials being able to conduct business in a shadowy fashion. >> hank greenberg's attorney sent us this statement. these are disturbing charges. almost all of the claims have been dismissed. if they were brought with knowledge that they were without merit, this was a even greater miscarriage of abuse and the legal system. >> i'm saying the same thing, i believe if the charging were unfounded and politically motivated and shadowy e-mail accounts that helped advance the investigation during the investigation, i think that is inappropriate. >> thank you so much for joining us today. >> thank you. >> okay, drum roll, please. >> the moment is finally here, it is time to reveal which state in the country is the very best for business. our scott cohn has been waiting patiently, and he is up next. >>> welcome back, the moment we have all been waiting for. our countdown to the best state in the country for business. so who is number one in 2012. tell us where you are. >> the competition is in
concern over these e-mails and i don't think we should have government officials who are prosecutors and law officials being able to conduct business in a shadowy fashion. >> hank greenberg's attorney sent us this statement. these are disturbing charges. almost all of the claims have been dismissed. if they were brought with knowledge that they were without merit, this was a even greater miscarriage of abuse and the legal system. >> i'm saying the same thing, i believe if the...
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Oct 1, 2012
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the labor department is asking defense company ceos to delay notifying employees, even though the law dictates that they must. and today lockheed martin says it won't issue layoff notices before the election as it had planned to do. . it said it receivered assurances from the white house that the money would not be cut in january. how is that possible? aren't the costs mandatory if we hit the fiscal cliff? well, yes, but the administration could prioritize based on any criteria it chooses. perhaps it will make sure funds go to ensure that thousands of lockheed employees in northern virginia, a key swing state won't lose their jobs. but contract in states like georgia or alabama, well, those assurances may not come. that's just my observation. before we go, that will do it for the "closing bell" today. the market, of course, higher at the close but off of the best levels of the afternoon. hope you'll follow me on twitter and
the labor department is asking defense company ceos to delay notifying employees, even though the law dictates that they must. and today lockheed martin says it won't issue layoff notices before the election as it had planned to do. . it said it receivered assurances from the white house that the money would not be cut in january. how is that possible? aren't the costs mandatory if we hit the fiscal cliff? well, yes, but the administration could prioritize based on any criteria it chooses....
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Mar 20, 2012
03/12
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they combined the privacy laws and 60 into one. what the eu is concerned about is they can't understand what it means for privacy. the eu is going to change and they want to have things like cutting commission before the data is handled with the third party and the right to be forgotten law. that can be a big change with the way the operators perform. >> it's a big story. see you tomorrow. >> absolutely. >> up next, we will recap the pull back and set the tone for tomorrow. don't forget cnbc and churchill downs guiltying a chance to win a trip to the kentucky derby and the 100,000 kentucky derby dream bet. ending april 14th. increase your chances of winning. back in a moment on closing bell. >>> we are just getting started in asia and these are the stories we are watching for. we will find out if the bank of thailand will keep the rates unchanged joining other banks to gauge the extend of the slow down. inflation and the european crisis. australian retailer unveils the happier results as the stock resumes and investors will be keen
they combined the privacy laws and 60 into one. what the eu is concerned about is they can't understand what it means for privacy. the eu is going to change and they want to have things like cutting commission before the data is handled with the third party and the right to be forgotten law. that can be a big change with the way the operators perform. >> it's a big story. see you tomorrow. >> absolutely. >> up next, we will recap the pull back and set the tone for tomorrow....